30c average @Kookie, and things were looking significantly different from a commissioning and macro perspective. Things went downhill, so I exited at an average of 21 cents. That’s about 60% higher than the current share price, so it’s pretty tough to paint that as a bad decision, as much as you’d like to.
You shouldn’t just blindly stick to your original decision when the market shows that you were wrong. Things change, and you need to have the humility to admit when you got it wrong, and act accordingly. Some struggle with that, convinced that they’ll be proven correct eventually. Meanwhile, the share price continues its descent.
Stay flexible!
AGY Price at posting:
13.5¢ Sentiment: None Disclosure: Not Held
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